Refinance Bridge Loan for Luxury Home in Phoenix, Arizona

Funded by Center Street Lending


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Single Family Residence
Property City


Property State


Loan Term (months)


Lien Type

1st Mortgage

Payment Type

Interest Only

Property Value


Previous Loan Balance




Location Type


Building Square Footage


Lot Square Footage


Lot Acreage


Exit Strategy


Deal Highlights

Mid-century modern roots, capturing the feel of a unique Palm Springs-style resort.

Deal Summary

Center Street Lending, a direct lender for residential real estate investors, funded a $3,325,000 1st lien position bridge loan secured by a single-family home in Phoenix, Arizona. This was an internal refinance loan to give the Borrowers additional time to sell the home and get some of their equity back for ongoing projects that they have. The property value was estimated at $5,000,000 so the loan-to-value was 66.50%. We paid off a previous loan balance and provided the funds for their other projects. The Borrowers are highly experienced investors specializing in the renovation and building of high-end luxury homes. The subject property is a contemporary home built into the side of Camelback Mountain, truly being an architectural masterpiece. The unique design of the home offers unrivaled views of both the city lights and the mountainside. The subject property is approximately 5,393 square feet set in a 1.56-acre lot. The loan term was set at 12 months. This SFR refinance bridge loan was funded in July 2023.

Funded By

Center Street Lending

Smarter Loans for Residential Property Investors